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Agnico Eagle Announces 35% Increase in Inferred Resource at Amaruq Project to 2.0 Million Ounces of Gold; Extension of Whale Tail Deposit Along Strike and at Depth; and New Targets on Amaruq Property
Stock Symbol: AEM (NYSE and TSX) TORONTO , Aug. 19, 2015 /CNW/ - Agnico Eagle M...
About this update from Agnico Eagle Mines Limited
[{"type":"text","content":"\n\n\nStock Symbol: AEM (NYSE and TSX)\n\n\nTORONTO, Aug. 19, 2015 /CNW/ - Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (\"Agnico Eagle\" or the \"Company\") is pleased to provide an update on\n exploration drilling results at its Amaruq gold project in Nunavut,\n northern Canada. This rapidly growing deposit remains a focus for the\n Company given its economic potential, partly due to its close proximity\n to Agnico Eagle's nearby Meadowbank mine and mill. This update includes\n an expanded resource estimate for the Whale Tail deposit based on\n drilling through June 30, 2015. The Company last reported drill results\n from this project in its news release dated July 29, 2015. Highlights\n for the 2015 program include:\n\n\n\nMineral resources expanded by 35% in the Whale tail deposit - Drilling in the first half of 2015 has resulted in an updated inferred\n resource estimate of 2.0 million ounces of gold (9.7 million tonnes\n grading 6.47 grams per tonne (g/t) gold) as of June 30, 2015,\n representing a 35% increase in gold content compared to the December\n 31, 2014 estimate\n\n\n\n\nThick, high-grade ore shoot defined in Whale Tail deposit - An open-ended east-plunging high-grade ore shoot in the Whale Tail\n deposit has yielded intersections of 6.7 g/t gold (capped) over 32.3\n metres at 284 metres depth (AMQ15-310), and 10.4 g/t gold (capped) over\n 21.9 metres at 311 metres depth (hole AMQ15-330)\n\n\n\n\nGold mineralization encountered in gap between Mammoth Lake and Whale\n Tail deposit - Gold mineralization has been found in the gap between the Whale Tail\n deposit and the eastern part of Mammoth Lake, including 10.8 g/t gold\n (capped) over 6.9 metres at 132 metres depth (hole AMQ15-351) and 9.3\n g/t gold (capped) over 4.2 metres, also at 132 metres depth (hole\n AMQ15-302)\n\n\n\n\nInfill drilling yields multiple intercepts at open pit and underground\n depths - Successful infill and deep exploration drilling in the western part of\n the Whale Tail deposit confirms multiple high-grade lenses, such as in\n hole AMQ15-289 with 4.4 g/t gold (capped) over 7.7 metres at 107 metres\n depth, 10.6 g/t gold (capped) over 5.6 metres at 189 metres depth and\n 5.9 g/t gold (capped) over 45.0 metres at 253 metres depth including\n 9.0 g/t gold (capped) over 13.0 metres at 273 metres depth\n\n\n\n\nNew prospecting...